Carraro India Limited is set to launch its IPO. The IPO will open on 20 December 2024 (Friday) and close on 24 December 2024 (Tuesday). This is a book-built issue IPO. Through this issue, the company aims to raise approximately ₹12,500 crores from potential investors.
The IPO consists entirely of an offer for sale of equity shares amounting to ₹12,500 crores. The face value of the shares is ₹10 per share, and the price band is set between ₹668 and ₹704 per share. Investors can bid for a minimum lot size of 21 shares.
IPO Important Highlights
| Category | Detail | Information |
|---|---|---|
| Key Dates | IPO Open Date | 20 December, 2024 (Friday) |
| IPO Close Date | 24 December, 2024 (Tuesday) | |
| Pricing Information | Face Value | ₹10 per share |
| Price Band | ₹668 to ₹704 per share | |
| Offer Structure | Total Issue Size | 1,77,55,680 shares (amounting up to ₹1,250.00 Cr) |
| Offer for Sale | 1,77,55,680 shares of ₹10 (amounting up to ₹1,250.00 Cr) | |
| Investor Details | Lot Size | 21 Shares |
| Listing Exchange | BSE and NSE | |
| IPO Type | Book Built Issue |
Key Dates to Remember
| Event | Date |
|---|---|
| IPO Opening Date | 20 December 2024 (Friday) |
| IPO Closing Date | 24 December 2024 (Tuesday) |
| Finalisation of Basis of Allotment | 26 December 2024 (Thursday) |
| Initiation of Refunds | 27 December 2024 (Friday) |
| Credit of Shares to Demat Account | 27 December 2024 (Friday) |
| Listing Date | 30 December 2024 (Monday) |
What is GMP of Carraro India Ltd IPO Today?
As of December 18, 2024, the Grey Market Premium (GMP) for the Carraro India Ltd IPO is ₹*. This indicates that the shares are expected to list at approximately ₹* per share.
Note: GMP is an unofficial indicator and is based on market speculation; it does not guarantee actual listing performance.
Company Financials
| Period | 30 Sep 2024 (₹ Crore) | FY24 (₹ Crore) | FY23 (₹ Crore) | FY22 (₹ Crore) |
|---|---|---|---|---|
| Assets | 1,093.41 | 1,072.89 | 1,072.39 | 1,012.44 |
| Revenue | 922.74 | 1,806.55 | 1,733.3 | 1,520.05 |
| Total Expenses | 855.82 | 1,722.18 | 1,667.71 | 1,489.32 |
| Profit After Tax | 49.73 | 62.56 | 48.46 | 22.43 |
| Net Worth | 419.44 | 369.82 | 337.38 | 292.49 |
| Reserves and Surplus | * | * | * | * |
Company’s Key Metrics (FY 2024)
| Key Performance Indicator | Value |
|---|---|
| Return on Capital Employed (ROCE) | 19.35% |
| Return on Equity (ROE) | 17.69% |
| Debt to Equity Ratio | 0.58 |
| Return on Net Worth (RoNW) | 16.92% |
| After Tax Profit Margin (%) | 3.50% |
| Price to Book Value (P/BV) | * |
| EBITDA Margin (%) | 8.30% |
| Net Asset Value (NAV) | ₹65.05 |
| Earnings Per Share (EPS) | ₹11.00 (Basic) |
Lot Size and Application Amount
| Application | Lots | Shares | Amount (₹) |
|---|---|---|---|
| Retail Investor (Minimum Lot) | 1 | 21 | ₹14,784 |
| Retail Investor (Maximum Lot) | 13 | 273 | ₹1,92,192 |
| Small HNI Investor (Minimum Lot) | 14 | 294 | ₹2,06,976 |
| Small HNI Investor (Maximum Lot) | 67 | 1,407 | ₹9,90,528 |
| Big HNI Investor (Minimum Lot) | 68 | 1,428 | ₹10,05,312 |
Investor Category-Wise Reservation
| Investor Category | Reservation |
|---|---|
| Shares Reserved for QIB | 50% of the Net Offer |
| Shares Reserved for Retail Investors | 35% of the Net Offer |
| Shares Reserved for Non-Institutional Investors (NII) | 15% of the Net Offer |
Net Cash Flow Overview
| Net Cash Flow | For the Period Ended 30 Sep 2024 (₹ in crores) | FY 2024 (₹ in crores) | FY 2023 (₹ in crores) | FY 2022 (₹ in crores) |
|---|---|---|---|---|
| Net Cash Flow from Operating Activities | 437.26 | -109.23 | 1,121.88 | 802.15 |
| Net Cash Flow from Investing Activities | -184.10 | -309.14 | -846.84 | -617.65 |
| Net Cash Flow from Financing Activities | -285.75 | -31.64 | -301.82 | -154.69 |
| Net Increase/(Decrease) in Cash and Bank Balance | -32.59 | -450.02 | -26.78 | 29.81 |
Domestic and International Revenue Distribution
| Region | 2024 (Sep) | 2024 (FY) | 2023 (FY) | 2022 (FY) |
|---|---|---|---|---|
| India | 5,955.68 | 11,412.99 | 10,531.12 | 9,419.47 |
| European Union | 3,027.09 | 6,164.34 | 5,885.77 | 4,907.91 |
| Asia (excluding India) | 90.85 | 142.53 | 104.46 | 119.98 |
| Americas | 24.48 | 77.00 | 516.14 | 455.72 |
| Rest of the World | 8.26 | 0.18 | 0.00 | 0.00 |
Key Objectives of the Issue
- To conduct an Offer for Sale of equity shares by the promoter, worth ₹12,500 million.
- To facilitate the listing of equity shares on the stock exchanges.
Popular Questions
- Q: What are the opening and closing dates for Carraro India Limited’s public issue?
The offering opens on December 20, 2024, and closes on December 24, 2024. - Q: Who are the lead managers for this issue?
The lead managers are Axis Capital Limited, BNP Paribas, and Nuvama Wealth Management Limited. - Q: Who is the registrar for this offer?
The registrar is Link Intime India Private Limited. - Q: What is the price band for this public offering?
The price band is between ₹668 and ₹704 per equity share. - Q: What is the minimum lot size for retail investors in this equity issue?
Retail investors can bid for a minimum of 21 shares, amounting to ₹14,048 at the lower price band. - Q: What are the main objectives of this fundraising initiative?
The funds will be used to achieve the benefits of listing and provide liquidity for selling shareholders. - Q: On which stock exchanges will the shares be traded?
The equity shares will be listed on BSE and NSE. - Q: What is the total size of the offering?
The issue comprises ₹12,500.00 million worth of equity shares. - Q: When will the allotment and refund process commence?
Allotment will begin on December 26, 2024, with refunds processed shortly thereafter. - Q: When will the shares be credited to investors’ Demat accounts?
Shares will be credited to investors’ Demat accounts on December 27, 2024. - Q: What is the expected listing date for the company’s shares?
The shares are expected to list on December 30, 2024.
It is always beneficial to read Draft Red Herring Prospectus (DRHP) and Red Herring Prospectus (RHP) carefully to better understand its financials and growth opportunities before making a decision.
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Note: This article is based on the information received from the company’s official documents, including the Draft Red Herring Prospectus (DRHP) and Red Herring Prospectus (RHP). For up-to-date information on the Grey Market Premium (GMP) for the Carraro India Ltd IPO, you may please check our Current GMP, where we will post the latest figures as soon as they are available.
Disclaimer: This article is for educational purposes only. We do not offer any advice on buying or selling securities. Please consult your financial advisor before investing in an IPO or any other securities to make sure that it suits your financial plans and risk tolerance.
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